Tiffany Shopping Bag and Taxi Pendants

This exquisite charm pendant designed by Tiffany features an 18K gold shopping bag and taxi on a 16" chain.

All pieces can be purchased separately, the shopping bag charm at $1,500; taxi charm at $1,400; and the gold chain at $150.

Implications - Despite economic uncertainty, many affluent consumers still desire opulence. Less flashy charms like these charms from Tiffany let the rich consumer display his or her affluence in a way that is discreet, but still allows for a feeling of luxury. Given the state of the economy, conspicuous consumption can be deemed distasteful; as such, understated luxury goods may be the answer.